1. 1760= 16000(1+R/100)²

Asked by Idol16.amitchauhan0601 | 3rd Mar, 2020, 11:31: AM

Expert Answer:

The question should be 
17600 = 16000(1+R/100)²
 
The solution is
17600/16000 = (1+R/100)²
1.1 = (1+R/100)²
√1.1 = 1+R/100
1.05 = 1+R/100
0.05 = R/100
R = 5% p.a.

Answered by Sneha shidid | 3rd Mar, 2020, 05:20: PM

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